Quarterly report [Sections 13 or 15(d)]

Leases

v3.25.3
Leases
 9 Months Ended
Oct. 31, 2025
Leases [Abstract]  
Leases Leases
The Company has leases for corporate offices under non-cancelable operating leases with various expiration dates. The Company did not have any finance leases during the three and nine months ended October 31, 2025 and 2024.
The components of lease expense were as follows:
Three Months Ended October 31, Nine Months Ended October 31,
(in thousands) 2025 2024 2025 2024
Operating lease cost $ 3,060  $ 3,132  $ 9,091  $ 9,326 
Variable lease cost 343  358  1,048  1,006 
Short-term lease cost 76  111  310  374 
Total lease cost $ 3,479  $ 3,601  $ 10,449  $ 10,706 
The weighted average remaining lease term and discount rate were as follows:
October 31, 2025 January 31, 2025
Weighted average remaining lease term (years) 6.65 7.16
Weighted average discount rate 8.47  % 8.70  %
The maturities of lease liabilities under non-cancelable operating leases, net of lease incentives, were as follows:
(in thousands)
Fiscal year ended January 31, 2026 (remaining three months)
 $ 2,876 
2027 11,814 
2028 9,790 
2029 8,335 
2030 6,978 
2031 6,460 
Thereafter 18,050 
Total minimum lease payments
 64,303 
Less: imputed interest (15,867)
Total $ 48,436